\begin{tabular}{l*{6}{c}} \toprule
                &\multicolumn{1}{c}{\textit{p} = 0}&\multicolumn{1}{c}{\textit{p} = 1}&\multicolumn{1}{c}{\textit{p} = 2}&\multicolumn{1}{c}{\textit{p} = 3}&\multicolumn{1}{c}{\textit{p} = 4}\\\cmidrule(lr){2-2}\cmidrule(lr){3-3}\cmidrule(lr){4-4}\cmidrule(lr){5-5}\cmidrule(lr){6-6}
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}\\
\midrule
\textbf{Panel A:} Brazil&                &                &                &                &                \\
\addlinespace
Conventional    &          -0.049&          -0.025&          -0.022&          -0.017&          -0.018\\
                & [-0.073,-0.024]& [-0.040,-0.010]& [-0.035,-0.009]& [-0.029,-0.005]& [-0.030,-0.005]\\
\addlinespace
Robust          &          -0.062&          -0.056&          -0.039&          -0.031&          -0.032\\
                &  [-0.125,0.001]& [-0.079,-0.033]& [-0.057,-0.021]& [-0.046,-0.016]& [-0.047,-0.017]\\
\midrule
\textit{N}      &            5093&           59054&          169986&          362676&          482799\\
Bandwidth       &            0.16&            1.52&            4.37&            9.48&           14.20\\
AMSE (conventional)&         0.00032&         0.00062&         0.00033&         0.00019&         0.00017\\
AMSE (robust)   &         0.00135&         0.00017&         0.00009&         0.00006&         0.00006\\
 

\midrule
\textbf{Panel B:} Colombia&                &                &                &                &                \\
\addlinespace
Conventional    &           0.057&           0.052&           0.050&           0.048&           0.046\\
                &   [0.033,0.081]&   [0.034,0.069]&   [0.032,0.067]&   [0.031,0.066]&   [0.026,0.066]\\
\addlinespace
Robust          &          -0.014&           0.040&           0.034&           0.042&           0.037\\
                &  [-0.070,0.041]&   [0.013,0.067]&   [0.010,0.058]&   [0.020,0.064]&   [0.013,0.060]\\
\midrule
\textit{N}      &            4254&           34526&           72163&          108651&          121347\\
Bandwidth       &            0.44&            3.25&            7.38&           13.44&           16.88\\
AMSE (conventional)&         0.00266&         0.00018&         0.00013&         0.00015&         0.00015\\
AMSE (robust)   &         0.00104&         0.00021&         0.00016&         0.00014&         0.00016\\
 

\midrule
\textbf{Panel C:} Denmark&                &                &                &                &                \\
\addlinespace
Conventional    &           0.326&           0.288&           0.252&           0.259&           0.231\\
                &   [0.293,0.359]&   [0.250,0.326]&   [0.208,0.295]&   [0.214,0.303]&   [0.183,0.278]\\
\addlinespace
Robust          &           0.172&           0.198&           0.189&           0.197&           0.173\\
                &   [0.112,0.233]&   [0.145,0.252]&   [0.136,0.242]&   [0.147,0.247]&   [0.118,0.227]\\
\midrule
\textit{N}      &            3285&            6530&            7757&            9015&            9434\\
Bandwidth       &            1.10&            3.58&            6.44&           12.09&           14.64\\
AMSE (conventional)&         0.01896&         0.00675&         0.00330&         0.00308&         0.00235\\
AMSE (robust)   &         0.00108&         0.00081&         0.00083&         0.00073&         0.00085\\
 
 
\midrule
\textbf{Panel D:} Finland&                &                &                &                &                \\
\addlinespace
Conventional    &           0.079&           0.070&           0.111&           0.128&           0.083\\
                &   [0.048,0.109]&   [0.048,0.092]&   [0.090,0.132]&   [0.108,0.148]&   [0.062,0.105]\\
\addlinespace
Robust          &          -0.037&           0.022&           0.041&           0.072&           0.046\\
                &  [-0.111,0.036]&  [-0.016,0.060]&   [0.016,0.066]&   [0.050,0.095]&   [0.021,0.070]\\
\midrule
\textit{N}      &            3886&           30664&           99582&          129881&          133111\\
Bandwidth       &            0.17&            0.96&            3.43&            7.67&            8.71\\
AMSE (conventional)&         0.00462&         0.00213&         0.00236&         0.00246&         0.00123\\
AMSE (robust)   &         0.00216&         0.00044&         0.00018&         0.00013&         0.00016\\
\bottomrule \end{tabular}
